New unit to clamp down on firms dodging Russian trade sanctions December 11, 2023 A new government unit is being set up to crack down on companies flouting Russian trade sanctions and funding its invasion of Ukraine. The office of trade sanctions implementation will issue civil penalties for breaches and refer cases to HM Revenue and Customs for criminal enforcement, industry and economic security minister Nusrat Ghani announced. The [...]
Kim Jong Un inspects Russian bombers, missiles and frigate September 16, 2023 North Korean leader Kim Jong Un has inspected Russia’s nuclear bombers, hypersonic missiles and an advanced warship from its Pacific fleet, during a trip to the country’s far east. After arriving in the city of Artyom by train, Kim travelled to an airport just outside the port city of Vladivostok where Russian defence minister Sergei [...]
Aercap collected £1bn in legal settlements over stranded Russian planes February 26, 2024 US-Irish aviation leasing giant Aercap has revealed that it has recovered just under $1.3bn (£1.02bn) in insurance settlements
Polymetal hopes for Russian asset sale within six months August 21, 2023 Polymetal plans to sell its Russian business within six months, with mining groups from the country and Chinese investors among the potential suitors.
Deutsche Bank ‘de-risking’ Russian IT operations April 12, 2023 Deutsche Bank is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany’s biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in Moscow [...]
EY UK sanctioned for breaching fee cap with Abramovich-owned Russian miner Evraz August 7, 2024 EY has been issued a financial sanction by the accountancy regulator for failing to comply with fee cap with Russian mining group Evraz.
Russian oil: UK and European states set to launch plan to target ‘shadow fleets’ July 16, 2024 Prime Minister Keir Starmer is set to launch a "call to action" to the private sector - including insurers - over the use of shadow fleets carrying Russian oil
Sanctioned Russian oligarch wins appeal in multibillion-dollar London divorce battle January 31, 2024 A sanctioned Russian oligarch will be able to hold on to his $20bn fortune for a little while longer after the Supreme Court today ruled against his ex-wife in a long-running divorce battle.
Valieva: Kremlin calls Russian skater four-year drug ban ‘politicised’ January 29, 2024 Kamila Valieva, who at 15 helped Russia win a team ice skating gold at the Winter Olympics before being found to have doped, on Monday received a four-year ban from the sport. But the Kremlin in Moscow has hit back at the ruling, slamming it as “politicised”. Having initially been cleared of the accusation, made [...]
UK has insured £102bn worth of Russian oil despite sanctions January 24, 2024 A former Cabinet minister has called on the insurance industry to think on its obligations after it was revealed that UK firms have insured over €120bn worth of Russian oil.